Brit’s undiscounted COR rises in H1 2025

Brit has revealed that its undiscounted combined operating ratio (COR) rose in the six months to 30 June 2025.

In a trading update published today (1 August 2025), the insurer revealed that undiscounted COR sat at 95.2% in H1 2025, up from 80.8% the same time last year.

Discounted COR likewise rose, up from 70.8% in June of 2024 to 87.4%.

Martin Thompson, group chief executive at Brit, said the increase came against a backdrop of ”significantly increased major loss activity and more challenging market conditions”.

He added: ”We remain focused on our four strategic pillars – focus, capability, simplification and culture.

”This has seen us continue to invest in our lead underwriting platform, including deploying new underwriting tools and capabilities across our product range, allowing us to increase the quality and speed of our service for customers and brokers.

“We are also committed to ensuring our leadership in underwriting is matched by our leadership in claims and our technology strategy is aimed at making sure our entire business is powered by best-in-class data, analytics and processes.”

Profits

Despite the increase in the COR, Brit also posted a £233.1m ($307.7m) profit before tax in its latest half-year financial results, up £4.8m ($6.4m) from the same period last year.

It also reported £1281.9m ($1,692.2m) of written premium in the half-year period, a growth of 8.3% from the previous results.

Thompson said: ”’In the first half of 2025, Brit’s profit before tax increased to $307.7m, reflecting a positive underwriting result and a strong investment performance.

”Against a backdrop of significantly increased major loss activity and more challenging market conditions, our insurance service result of $138.1m and our undiscounted combined ratio of 95.2% demonstrate our underwriting discipline and our focus on areas in which we can deliver differentiated performance.

”Looking ahead to the second half of the year and beyond, we remain mindful of shifting market dynamics. Our diversified and balanced portfolio, alongside our strong balance sheet, makes us well placed to manage the cycle effectively and, in turn, support our customers through our stability, service and expertise. This, our clear strategy and our unique culture gives us continued confidence in the outlook for Brit.”